POWI is trading 5.1% down today at $82.94 as the stock pulls back from last week’s 52-week highs amid a wider decline in technology shares.
- The drop occurs despite a lack of company-specific news, driven instead by a global rout in richly valued semiconductor and AI-linked names.
- Broader market indices are under pressure, with the Nasdaq Composite falling more than 1% during the morning session.